Tips For Survival In An Economic Downturn

If you are still feeling the effects of the economic downturn, try the following tips from Doug Richard, entrepreneur and Dragon.

5. TALK TO YOUR LENDERS
If you have debt financing, stay in communication with your creditors. Don’t wait until it’s too late before speaking with your lender. When you are already in a crisis and haven’t provided any warnings, situations may prove tricky. Maintain constant communication. It will help you should you ever need to renegotiate terms.

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